Tullett Prebon Information said it will supply NBAD with a range of real time money market, interest rate and foreign exchange data for both local and international markets to be used in their middle and back office risk management operations.
This data will be available through Thomson Reuters Real-Time.
Tullett Prebon Information works with financial institutions and service providers, including major global and domestic banks, for the provision of independent OTC interest rate, fixed income and derivative pricing.
Mohammed Zidany, head of Operational Support & Administration at NBAD’s Financial Markets Division, said, the integration of Tullett Prebon’s OTC data in their middle and back office systems is a significant development in their risk management strategy.
"We pride ourselves on our best practice risk management structures, and the use of high quality independent data from Tullett Prebon is integral to this," Zidany concluded.
